Merchandise exports, WB (current US$) in Nigeria
Nigeria: Merchandise exports, WB (current US$) was 93.27 billion current US$ in 2011. ◆ Volatile
Latest (2011)
93.27 billion current US$
Change on year
up 20.5%
World rank
2nd
of 51 countries
All-time high
93.27 billion current US$
in 2011
All-time low
583.52 million current US$
in 1968
Years of data
47
1965–2011
Merchandise exports, WB in Nigeria, 1965–2011
Source: World Bank country economists. Measured in current US$.
Analysis
In 2011, merchandise exports, wb in Nigeria stood at 93.27 billion current US$. That is the highest value across all 47 years on record.
Compared with earlier readings it is up 20.5% on the previous year and up 375.9% over ten years.
Over the whole period, merchandise exports, wb in Nigeria peaked at 93.27 billion current US$ in 2011 and was at its lowest, 583.52 million current US$, in 1968.
Nigeria ranks 2nd of 51 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Merchandise exports, WB (current US$) in Nigeria, year by year
| Year | current US$ | Change |
|---|---|---|
| 1965 | 742.00 million current US$ | — |
| 1966 | 786.24 million current US$ | +6.0% |
| 1967 | 668.64 million current US$ | -15.0% |
| 1968 | 583.52 million current US$ | -12.7% |
| 1969 | 874.44 million current US$ | +49.9% |
| 1970 | 1.25 billion current US$ | +42.7% |
| 1971 | 1.89 billion current US$ | +51.1% |
| 1972 | 2.18 billion current US$ | +15.8% |
| 1973 | 3.60 billion current US$ | +64.9% |
| 1974 | 9.69 billion current US$ | +168.9% |
| 1975 | 8.31 billion current US$ | -14.2% |
| 1976 | 10.12 billion current US$ | +21.8% |
| 1977 | 12.37 billion current US$ | +22.2% |
| 1978 | 10.44 billion current US$ | -15.6% |
| 1979 | 16.77 billion current US$ | +60.5% |
| 1980 | 25.96 billion current US$ | +54.8% |
| 1981 | 17.72 billion current US$ | -31.7% |
| 1982 | 12.15 billion current US$ | -31.4% |
| 1983 | 10.37 billion current US$ | -14.7% |
| 1984 | 11.89 billion current US$ | +14.7% |
| 1985 | 12.57 billion current US$ | +5.7% |
| 1986 | 6.78 billion current US$ | -46.0% |
| 1987 | 7.53 billion current US$ | +11.0% |
| 1988 | 7.07 billion current US$ | -6.1% |
| 1989 | 9.81 billion current US$ | +38.8% |
| 1990 | 13.91 billion current US$ | +41.8% |
| 1991 | 12.13 billion current US$ | -12.8% |
| 1992 | 11.89 billion current US$ | -2.0% |
| 1993 | 9.92 billion current US$ | -16.5% |
| 1994 | 9.41 billion current US$ | -5.1% |
| 1995 | 11.73 billion current US$ | +24.6% |
| 1996 | 16.12 billion current US$ | +37.4% |
| 1997 | 15.54 billion current US$ | -3.6% |
| 1998 | 10.11 billion current US$ | -34.9% |
| 1999 | 11.93 billion current US$ | +17.9% |
| 2000 | 23.76 billion current US$ | +99.2% |
| 2001 | 19.60 billion current US$ | -17.5% |
| 2002 | 17.72 billion current US$ | -9.6% |
| 2003 | 27.50 billion current US$ | +55.2% |
| 2004 | 36.85 billion current US$ | +34.0% |
| 2005 | 50.17 billion current US$ | +36.1% |
| 2006 | 58.85 billion current US$ | +17.3% |
| 2007 | 66.61 billion current US$ | +13.2% |
| 2008 | 84.12 billion current US$ | +26.3% |
| 2009 | 56.74 billion current US$ | -32.5% |
| 2010 | 77.37 billion current US$ | +36.4% |
| 2011 | 93.27 billion current US$ | +20.5% |
Nigeria compared with similar countries
- Nigeria's 93.27 billion current US$ is above the median for lower middle income countries, which is 4.37 billion current US$, 21.3× the median. (24 countries reporting)
- Nigeria's 93.27 billion current US$ is above the median for Sub-Saharan Africa, which is 2.26 billion current US$, 41.3× the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 730.97 million current US$ | 583.52 million current US$ | 874.44 million current US$ | 5 |
| 1970s | 7.66 billion current US$ | 1.25 billion current US$ | 16.77 billion current US$ | 10 |
| 1980s | 12.19 billion current US$ | 6.78 billion current US$ | 25.96 billion current US$ | 10 |
| 1990s | 12.27 billion current US$ | 9.41 billion current US$ | 16.12 billion current US$ | 10 |
| 2000s | 44.19 billion current US$ | 17.72 billion current US$ | 84.12 billion current US$ | 10 |
| 2010s | 85.32 billion current US$ | 77.37 billion current US$ | 93.27 billion current US$ | 2 |
Countries ranked near Nigeria
More trade data for Nigeria
- Commodity Net Export Price Index, Individual Commodities Weighted by 66.76 (2025)
- Commodity Net Export Price Index, Individual Commodities Weighted by 93.8 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 93.58 (2025)
- Commodity Export Price Index, Individual Commodites Weighted by Ratio 63.43 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 99.77 (2025)
- Commodity Import Price Index, Individual Commodites Weighted by Ratio 85.81 (2025)
- Imports of low carbon technology products, Percent of GDP 0.5627 (2024)
- Imports of low carbon technology products, US dollar (World), per 6.1 units per person (2024)
- Imports of low carbon technology products, US dollar (World), per 0.0056 units per US$ of GDP (2024)
- Exports of low carbon technology products, US dollar (World), gaps 42.54 million (2024)
Frequently asked questions
- What is merchandise exports, wb in Nigeria?
- Merchandise exports, wb in Nigeria was 93.27 billion current US$ in 2011, according to World Bank country economists.
- What is the highest merchandise exports, wb recorded in Nigeria?
- The highest recorded value was 93.27 billion current US$ in 2011.
- What is the lowest merchandise exports, wb recorded in Nigeria?
- The lowest recorded value was 583.52 million current US$ in 1968.
- How does Nigeria rank for merchandise exports, wb?
- Nigeria ranks 2nd out of 51 countries with data for 2011.
- Is merchandise exports, wb rising or falling in Nigeria?
- Over the last ten years it is up 375.9%. The long-run trend across the full record is volatile.
- Where does this Nigeria data come from?
- The figures come from World Bank country economists, published as part of Merchandise exports, WB (current US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 47 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Merchandise exports (current US$) show the f.o.b. value of goods provided to the rest of the world valued in U.S. dollars. They are classified using the Standard International Trade Classification (SITC). Data are in current U.S. dollars.